The Procter & Gamble Company (NYSE:PG) Shares Acquired by &Partners

&Partners lifted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 49.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,028 shares of the company’s stock after buying an additional 9,998 shares during the quarter. Procter & Gamble makes up about 0.7% of &Partners’ investment portfolio, making the stock its 26th largest holding. &Partners’ holdings in Procter & Gamble were worth $4,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Sanders Morris Harris LLC boosted its holdings in Procter & Gamble by 56.5% in the first quarter. Sanders Morris Harris LLC now owns 9,541 shares of the company’s stock worth $1,548,000 after purchasing an additional 3,445 shares during the period. MJP Associates Inc. ADV boosted its holdings in Procter & Gamble by 19.8% in the first quarter. MJP Associates Inc. ADV now owns 7,173 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,188 shares during the period. Hummer Financial Advisory Services Inc boosted its holdings in Procter & Gamble by 0.7% in the first quarter. Hummer Financial Advisory Services Inc now owns 12,141 shares of the company’s stock worth $1,970,000 after purchasing an additional 90 shares during the period. Rockland Trust Co. boosted its holdings in shares of Procter & Gamble by 6.6% during the first quarter. Rockland Trust Co. now owns 208,658 shares of the company’s stock valued at $33,855,000 after acquiring an additional 12,937 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in shares of Procter & Gamble by 1.9% during the first quarter. Gulf International Bank UK Ltd now owns 209,068 shares of the company’s stock valued at $33,921,000 after acquiring an additional 3,958 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $166.95, for a total transaction of $5,329,711.80. Following the transaction, the chief executive officer now owns 19,042 shares of the company’s stock, valued at approximately $3,179,061.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of Procter & Gamble stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar G. Raman sold 31,924 shares of Procter & Gamble stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.95, for a total value of $5,329,711.80. Following the transaction, the chief executive officer now directly owns 19,042 shares in the company, valued at approximately $3,179,061.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,544 shares of company stock worth $25,413,051. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Monday, June 17th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $160.00 to $175.00 in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating for the company in a report on Monday, April 22nd. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $168.26 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $164.59 and its two-hundred day moving average price is $158.17. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $168.97. The stock has a market cap of $397.12 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.10. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS. As a group, sell-side analysts anticipate that The Procter & Gamble Company will post 6.55 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.39%. The ex-dividend date was Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. Procter & Gamble’s payout ratio is presently 65.85%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.